{"id":609796,"date":"2024-05-25T15:50:40","date_gmt":"2024-05-25T15:50:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=609796"},"modified":"2024-06-11T07:02:18","modified_gmt":"2024-06-11T07:02:18","slug":"bitcoin-spot-etf-record-consecutive-weeks-of-inflows-as-investor-confidence-grows","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-spot-etf-record-consecutive-weeks-of-inflows-as-investor-confidence-grows\/","title":{"rendered":"Bitcoin Spot ETF Records Consecutive Weeks Of Inflows As Investor Confidence Grows"},"content":{"rendered":"<p><span style=\"font-weight: 400\"><a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-spot-etfs-reignite-crypto\/\" target=\"_blank\" rel=\"noopener \">Ethereum exchange-traded funds<\/a> (ETF) have been the talk of the town &#8211; and rightly so &#8211; after the United States Securities and Exchange Commission (SEC) approved the listing of the investment products during the week. Meanwhile, the Bitcoin spot ETF market continued its resurgence on one side, marked by a second consecutive week of positive inflows.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This streak of positive inflows represents a complete shift from previous weeks when investment activity was dangerously low. However, this recent turnaround reflects a rise in investor confidence over the past two weeks.<\/span><\/p>\n<h2><strong>Bitcoin Spot ETF: $252 Million In Net Inflows In One Day<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">On Friday, May 24, the US Bitcoin spot ETF market saw another day of positive inflows, marking the 10th consecutive day of significant investment into these funds. According to <a href=\"https:\/\/x.com\/SoSoValueCrypto\/status\/45929384\" target=\"_blank\" rel=\"noopener nofollow\">data from SoSoValue<\/a>, the market recorded a total net inflow of approximately $252 million to close the week.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/lido-dao\/lido-ldo-takes-the-lead-with-13-surge-post-ethereum-etf-approval-key-levels-to-watch\/\" target=\"_blank\" rel=\"noopener \">Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval \u2013 Key Levels To Watch<\/a><\/div>\n<p><span style=\"font-weight: 400\">Breaking this down, BlackRock amassed a substantial percentage of the total daily investment, with the IBIT ETF posting an inflow of $182 million. <a href=\"https:\/\/uniquehot.com\/news\/grayscale-battling-outflows-and-lower-cost-etfs-q1-revenue-stays-flat-at-156m\/\" target=\"_blank\" rel=\"noopener \">Grayscale Bitcoin Trust<\/a> (GBTC), on the other hand, did not attract any capital on Friday, ending the week with zero daily outflows and inflow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Other ETF issuers, such as Fidelity, Bitwise, and ARK Investment, also witnessed impressive inflows on Friday. Most notably, Fidelity\u2019s FBTC came second to BlackRock\u2019s fund after attracting about $43.7 million on the last day of the week.<\/span><\/p>\n<figure style=\"width: 1096px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GOZUn-HaUAAVJTO?format=jpg&amp;name=medium\" alt=\"Bitcoin spot ETFs\" width=\"1096\" height=\"908\"><figcaption class=\"wp-caption-text\">Source: <a href=\"https:\/\/x.com\/SoSoValueCrypto\/status\/45929384\" target=\"_blank\" rel=\"noopener nofollow\">SoSoValue\/X<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">More importantly, this positive inflow day means that the Bitcoin spot ETF market has amassed significant investment every day for the second week in a row. And after the close of Friday\u2019s trading session, the net inflow in the past week stood at an impressive $1.06 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This sustained positive trend in terms of <a href=\"https:\/\/uniquehot.com\/news\/grayscale-battling-outflows-and-lower-cost-etfs-q1-revenue-stays-flat-at-156m\/\" target=\"_blank\" rel=\"noopener \">capital inflow<\/a> suggests that investor confidence in Bitcoin ETFs might be back at an all-time high. The last time there was a consistent positive capital inflow into these products, the Bitcoin price rose to a new all-time high.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With Ethereum spot ETFs on the brink of trading in the US, crypto exchange-trade products seem to be in fashion at the moment. And they might just be the catalyst that the crypto market &#8211; particularly Bitcoin &#8211; needs to <a href=\"https:\/\/uniquehot.com\/news\/grayscale-drops-bombshell-report-crypto-bull-run-progresses-to-middle-phase-future-outlook-detailed\/\" target=\"_blank\" rel=\"noopener \">resume what is left of the bull cycle<\/a>.<\/span><\/p>\n<h2><strong>Bitcoin Price At A Glance<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">As of this writing, <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-make-or-break-zon\/\">Bitcoin is valued<\/a> at $68,868, ref<\/span><span style=\"font-weight: 400\">lecting a 2.5% price increase in the last 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by 3% on the weekly timeframe.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-bulls-gain-breathing-room-as-long-term-holder\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases \u2013 Glassnode<\/a><\/div>\n<figure style=\"width: 2174px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/x5tvlsup\/\" alt=\"Bitcoin Spot ETFs\" width=\"2174\" height=\"1434\"><figcaption class=\"wp-caption-text\">Bitcoin price breaks above $69,000 on the daily timeframe | Source: BTCUSDT chart on <a href=\"https:\/\/www.tradingview.com\/x\/WH4FOsUe\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\"><em>Featured image from iStock, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum exchange-traded funds (ETF) have been the talk of the town &#8211; and rightly so &#8211; after the United States Securities and Exchange Commission (SEC) approved the listing of the investment products during the week. Meanwhile, the Bitcoin spot ETF market continued its resurgence on one side, marked by a second consecutive week of positive inflows. This streak of positive inflows represents a complete shift from previous weeks when investment activity was dangerously low. However, this recent turnaround reflects a rise in investor confidence over the past two weeks. Bitcoin Spot ETF: $252 Million In Net Inflows In One Day On Friday, May 24, the US Bitcoin spot ETF market saw another day of positive inflows, marking the 10th consecutive day of significant investment into these funds. According to data from SoSoValue, the market recorded a total net inflow of approximately $252 million to close the week. Related Reading: Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval \u2013 Key Levels To Watch Breaking this down, BlackRock amassed a substantial percentage of the total daily investment, with the IBIT ETF posting an inflow of $182 million. Grayscale Bitcoin Trust (GBTC), on the other hand, did not attract any capital on Friday, ending the week with zero daily outflows and inflow.\u00a0 Other ETF issuers, such as Fidelity, Bitwise, and ARK Investment, also witnessed impressive inflows on Friday. Most notably, Fidelity\u2019s FBTC came second to BlackRock\u2019s fund after attracting about $43.7 million on the last day of the week. More importantly, this positive inflow day means that the Bitcoin spot ETF market has amassed significant investment every day for the second week in a row. And after the close of Friday\u2019s trading session, the net inflow in the past week stood at an impressive $1.06 billion. This sustained positive trend in terms of capital inflow suggests that investor confidence in Bitcoin ETFs might be back at an all-time high. The last time there was a consistent positive capital inflow into these products, the Bitcoin price rose to a new all-time high. With Ethereum spot ETFs on the brink of trading in the US, crypto exchange-trade products seem to be in fashion at the moment. And they might just be the catalyst that the crypto market &#8211; particularly Bitcoin &#8211; needs to resume what is left of the bull cycle. Bitcoin Price At A Glance As of this writing, Bitcoin is valued at $68,868, reflecting a 2.5% price increase in the last 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by 3% on the weekly timeframe. Related Reading: Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases \u2013 Glassnode Featured image from iStock, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":567409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,88585,10384,92385],"class_list":["post-609796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-bitcoin-spot-etfs","tag-ethereum-etf","tag-sosovalue"],"acf":[],"yoast_head":"\n<title>Bitcoin Spot ETF Records Consecutive Weeks Of Inflows As Investor Confidence Grows<\/title>\n<meta name=\"description\" content=\"The Bitcoin spot ETF market continued its resurgence on one side, marked by a second consecutive week of positive inflows.\" \/>\n<meta name=\"robots\" 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